The National Bureau of Statistics (NBS) has revealed that the Nigerian oil and gas sector attracted $14.34 million, about N2.87 billion worth of foreign investments in the first half (HY1) of 2015.
The NBS in its Nigerian Capital Importation report for Second Quarter (Q2) 2015, said this is an appreciation of 347.36 per cent or $11.133 million or N2.23 billion increase from the $3.205 million (N641 million) recorded in the sector in the second half (HY2), of 2014.
The amount is however 93 per cent lower than the $204.97 million (N40.99 billion) year on year in 2014, just as there was a sharp decline in Q2 2015.
According to the report, capital importation into the sector in Q2 2015 stood at $4.86 million, down 48.65 per cent or $4.609 million (N921.8 million) from the $9.473 million (N1.89 billion) realised in Q1 2015.
